Topic: will tether collapse? - page 4. (Read 1272 times)
Tether had gone down to $0.92 with similar rumors last year and came back fine. Nevertheless, it is hard to trust since the bank account backing tether is unaudited.
if you really want to use stable coins there is a lot out there that are much bettet than tether across all exchanges and to name them are $DAI, $PAX, $GUSD, $TUSD, these are stable coins pegged to a dollar that is better than tether, choose among them whichever is available on your prefered exchange...
wow wonderful i never thought that there is a lot of STABLECOINS pegged to dollar other than tether, thank you for this information! i saw $DAI is in a lot of exchanges like forkdelta and many more, and $PAX and $TUSD too in binance and kucoin and many more, although $GUSD i think is available only in gemini.
after reading your comment i immediately search and it is really are stablecoin better than tether!
THANK YOU so much for the info
Most exchanges pretty soon will be delisting Tether as far as I am concerned and I am trying to see how that would place the USDT market.
i never buy or holding tether, because its stable coin and have no fun to hold it, just go colapse, i dont regret this coin.
very confusing and do we have to worry? what is the biggest impact if tether experiences collapse? will the market get worse?
Yes, you have to worry if you are holding Tether at the moment, because whether you like it you may just end up holding a shit coin in the long run when it implodes. For now, there are a lot of shady things going on with tether, and the possibility of people dumping it pretty fast will always be there which in this case would actually make us see the kind of situation we just saw recently. I really do think, it may not be affecting the market negatively much as that would possibly have effect only on those who are holding it, and that would amount to some huge loss as far as I am concerned, if care is not taken.
hi guys i just wanna ask if it is still practical to hold or use tether now, because im hearing negative issues that it might collapse soon coz its centralize and can be created without backing of real USD? What are your thoughts?
I have been reading many negative things and speculations on Tether too and it is quite sad that this happened to this platform which had been performing well in the past many years. There has been an ongoing concern of internal problems with Tether and there are many speculations about what really goes on inside the platform. Sadly, Tether management is not doing well arresting those problems whether true or not. Right now, there are many who are thinking that maybe Tether is collapsing and this can be the reason why many are dropping it in its role as the stable coin and there are already who replaced it with something else with the same function. It will be interesting to see what can happen next...whether Tether can survived or will it eventually die a natural death.
hi guys i just wanna ask if it is still practical to hold or use tether now, because im hearing negative issues that it might collapse soon coz its centralize and can be created without backing of real USD?
What are your thoughts?
What are your thoughts?
Whatever you hold on the exchange you dont really hold. If Bitcoins from one exchange will get stolen and you will hold Monero on that same exchange you will most likely end up without any founds.
Stable coins like tether are meant to be used by exchanges that dont have fiat pairs. So they buy tether from Bitfinex and then can offer it on their platform. It is not you or me or anyone else that buys tether from Bitfinex. But companies that run exchanges. And they risk if something from some reason goes wrong with tether. All that you or me can do about it is to not leave our cryptocoins on exchanges.
This is a good description of what is happening with your investment when it is exchanged for Theter. I do not believe that all transactions are realy covered in this currency. I am afraid that the moment will come when it will turn out that everything was only virtual. Hopefully not..
There are many new stablecoins coming in the market so days of tether being the primary choice are numbered. It has been through such FUD before also so hard to know if it will be fine or not. Probably safer to just avoid it.
hi guys i just wanna ask if it is still practical to hold or use tether now, because im hearing negative issues that it might collapse soon coz its centralize and can be created without backing of real USD?
What are your thoughts?
What are your thoughts?
Whatever you hold on the exchange you dont really hold. If Bitcoins from one exchange will get stolen and you will hold Monero on that same exchange you will most likely end up without any founds.
Stable coins like tether are meant to be used by exchanges that dont have fiat pairs. So they buy tether from Bitfinex and then can offer it on their platform. It is not you or me or anyone else that buys tether from Bitfinex. But companies that run exchanges. And they risk if something from some reason goes wrong with tether. All that you or me can do about it is to not leave our cryptocoins on exchanges.
yup i heard this one and the issue is all over youtube reviews about the controversy and i believe that they are creating tether out of thin air and they used it to buy bitcoin and dumping the bitcoin back to us, thats exactly what happend after the bull run last December we screwed up, since they cannot bring down btc they create altcoin itself to bring it down and people are slowly recognizing this and eventually tether will collapse just like bitconnect become zero, so be carefull on tether stay away from it!
Uh, I don't think you get it. Tether was used to pump bitcoin and the alts last year, and the fear is that the billions of dollars of usdt was unbacked. This would make last year's pump entirely artificial. This is way bigger for crypto's image than what you are making it out to be.
What you don't get is this doesn't matter.
Even if it was an artificial pump the price has been held up for months now without any artificial parachute and therefore is at market value by definition.
if you really want to use stable coins there is a lot out there that are much bettet than tether across all exchanges and to name them are $DAI, $PAX, $GUSD, $TUSD, these are stable coins pegged to a dollar that is better than tether, choose among them whichever is available on your prefered exchange...
wow wonderful i never thought that there is a lot of STABLECOINS pegged to dollar other than tether, thank you for this information! i saw $DAI is in a lot of exchanges like forkdelta and many more, and $PAX and $TUSD too in binance and kucoin and many more, although $GUSD i think is available only in gemini.
after reading your comment i immediately search and it is really are stablecoin better than tether!
THANK YOU so much for the info
Look don't buy into all this tether FUD.
In my opinion people are making all this fear just because one guy on Twitter who sold BTC at like $1600 is calling Bitfinex and Tether a big scam.
There is a 4-5% premium right now you its basically free money just to arbitage this. Also don't look into the USDT./USD pair on Kraken, it has very little liquidity and most people are just arbing with the Tether vs Cash exchanges.
In my opinion people are making all this fear just because one guy on Twitter who sold BTC at like $1600 is calling Bitfinex and Tether a big scam.
There is a 4-5% premium right now you its basically free money just to arbitage this. Also don't look into the USDT./USD pair on Kraken, it has very little liquidity and most people are just arbing with the Tether vs Cash exchanges.
my worry stems more from the fact that they keep losing banks. WTF are they gonna do when they've got billions of dollars in USD and EUR that they can't pay to their customers? also, if banks are feeling pressured not to work with them, you have to ask why and whether regulators are waiting to pounce on them.
What bank would want them? They're unregulated and largely a mystery. I find it incredibly arrogant on their part that they'd expect any bank to want to business with them. They're an instant red flag.
Obviously they've been doing it for years now. There's thousands of banks out there; apparently some of them are less risk averse than you.
I find it really weird how willing so many exchanges have been to embrace it. There's something about the entire set up that doesn't compute for me and never has.
Binance became the biggest exchange in the world without any fiat money processing at all. There's definitely some appeal in offloading USD custody on someone else. If Bitfinex goes up in smoke tomorrow, it's not Binance that'll lose, but Binance's USDT depositors.
my worry stems more from the fact that they keep losing banks. WTF are they gonna do when they've got billions of dollars in USD and EUR that they can't pay to their customers? also, if banks are feeling pressured not to work with them, you have to ask why and whether regulators are waiting to pounce on them.
What bank would want them? They're unregulated and largely a mystery. I find it incredibly arrogant on their part that they'd expect any bank to want to business with them. They're an instant red flag.
Obviously they've been doing it for years now. There's thousands of banks out there; apparently some of them are less risk averse than you.
I find it really weird how willing so many exchanges have been to embrace it. There's something about the entire set up that doesn't compute for me and never has.
Binance became the biggest exchange in the world without any fiat money processing at all. There's definitely some appeal in offloading USD custody on someone else. If Bitfinex goes up in smoke tomorrow, it's not Binance that'll lose, but Binance's USDT depositors.
No it will not collapse but there are anymore many better alternatives, so there is negative news about tether. I would personally not use tether if any other one is available on a exchange because transparency is important issue.
hi guys i just wanna ask if it is still practical to hold or use tether now, because im hearing negative issues that it might collapse soon coz its centralize and can be created without backing of real USD?
What are your thoughts?
Tether is still on move to recovery and i kow that this coin has a good future,yes being centralized is a big question mark for future yet tether is tried and tested for contributing the last growth of bitcoin in 2017 so lets not lose hope instead be positive that after this economic problem worldwide things will come to better and back to what the cryptocurrencies meant to be What are your thoughts?
There have always been tether fuds in this market. I can't remember how many times I heard "tether will collapse". It didn't.
I believe they proved that they backed every usdt with a usd in their bank account. But there was a problem with their bank lately, that's the cause of this new fud. And even if tether collapses, people will sell their usdt for btc and btc will rise like yesterday
not a bad thing for most of us.
But these stable coins should be stable. We don't want them to go below or higher than $1. Maybe Tusd or other stable coins will take the lead, we will see.
I believe they proved that they backed every usdt with a usd in their bank account. But there was a problem with their bank lately, that's the cause of this new fud. And even if tether collapses, people will sell their usdt for btc and btc will rise like yesterday
not a bad thing for most of us. But these stable coins should be stable. We don't want them to go below or higher than $1. Maybe Tusd or other stable coins will take the lead, we will see.
There has always been this fog of great mystery around Tether. We have no certain bank confirmations of Tether really being backed by real USD, nor does it look good that more Tether can be just "printed" when Bitfinex says so.
I do not trust Tether, definitely wouldn't hold it for a longer period of time.
I do not trust Tether, definitely wouldn't hold it for a longer period of time.
For the cryptocurrency market, it is always you will listen to the negative talk by the renowned people. But, if you prompt with these talk then you will go in loss. As you already know that it is decentralized and anonymous so nobody will take effect in this segment. But, you will only be affected by the demand and supply of the coin. So, hold Tether as it is like the Ethereum.
Some famous youtuber said, it will probably not collapse, even if there is no real dollar behind. And seems logical, it is a very popular coin. But personally would not buy it anyways, if I want to hodl in some stable coin, I pick Bitcoin.
those famous youtuber said that probably are holding tether, even in every angle you analize there is no future on coins that can be created anytime by someone without credible evidence and transparency of audit, its inflationary and will just ruin the whole cryptoverse, no hope for tether, trust havr been lost. 
Today there is a high probability that Tether collapsed. Now its price is already 1.11 per pair TUSD / USDT. I think it's all about the bad end
That would probably call for the pump in btc actually when compared to Tether whereas the normal fiat market did not really make any serious move. It is a crazy thing to see such thing happening and I have always known most of the time that one way or the other USDT will end up imploding and being discarded.A lot of the exchanges like Bittrex are already coming up with direct fiat trading, and possibly we are seeing more reputable digital currencies to hedge with compared to USDT and it certainly looks like this is becoming a gradual end for tether in every way and there is no bailing out from this one.
Jump to: